Nitto Boseki Co (FRA:NB5) Cash-to-Debt : 0.47 (As of Sep. 2024)

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What is Nitto Boseki Co Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Nitto Boseki Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.47.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Nitto Boseki Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Nitto Boseki Co's Cash-to-Debt or its related term are showing as below:

FRA:NB5' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 0.57 Max: 0.97
Current: 0.45

During the past 13 years, Nitto Boseki Co's highest Cash to Debt Ratio was 0.97. The lowest was 0.32. And the median was 0.57.

FRA:NB5's Cash-to-Debt is ranked worse than
50.29% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.465 vs FRA:NB5: 0.45

Nitto Boseki Co Cash-to-Debt Historical Data

The historical data trend for Nitto Boseki Co's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Nitto Boseki Co Cash-to-Debt Chart

Nitto Boseki Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.57

0.69

0.40

0.47

0.45

Nitto Boseki Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.33	0.45	N/A	0.47	0.45

Competitive Comparison of Nitto Boseki Co's Cash-to-Debt

For the Textile Manufacturing subindustry, Nitto Boseki Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nitto Boseki Co's Cash-to-Debt Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitto Boseki Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nitto Boseki Co's Cash-to-Debt falls into.

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Nitto Boseki Co Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Nitto Boseki Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	145.315	/	(187.072	+	139.229)
	=	0.45

Nitto Boseki Co's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	144.32	/	(135.345	+	175.348)
	=	0.46

Nitto Boseki Co (FRA:NB5) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Nitto Boseki Co Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Nitto Boseki Co's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Nitto Boseki Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nitto Boseki Co Ltd (FRA:NB5) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

3110:Japan

Address

2-4-1, Kojimachi, Chiyoda-ku, Tokyo, JPN, 102-8489

Website

http://www.nittobo.co.jp

Nitto Boseki Co Ltd is engaged in the textile business. It operates in six segments: Textiles Business engages in the manufacture and sales of textiles products (core-spun yarn, stretch products, interlining and other finished products, etc.); Glass Fiber Yam Business engages in the manufacture and sales of glass raw fiber products (yarn, roving, chopped strands, etc.); Glass Fiber Cloth Business engages in the manufacture and sales of glass fiber functional products (glass cloth, etc.); Glass Fiber for Industrial Materials Business engages in the manufacture and sales of glass fiber products for use in industrial materials and the manufacture and sales of glass wool products (for use in thermal insulation materials); Life Science Business; and Other segment.

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